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Advised Realm Energy International Corporation on merger with San Leon Energy plc

AUTHOR(S): George Brady, Fergus Bolster, Shane Hogan
PRACTICE AREA GROUP: Project Finance, Projects and Infrastructure Law Ireland, Tax
DATE: 01.09.2011

Matheson acted for Realm Energy International Corporation (“Realm”) in the agreement which will see San Leon Energy plc (“San Leon”) acquire all of the issued and outstanding shares of Realm.

The deal, which includes a consideration of cash and shares, is valued at just over US $139 million, and having met the approval of both boards, is expected to be completed in November.

Realm is a Canadian domiciled global energy company, which focuses on shale gas exploration. In Europe, it holds major shale gas exploration licences in the Poland's Baltic Basin area, while also holding licence applications in Spain and France.

San Leon, meanwhile, is both a conventional (oil and gas) and shale gas explorer and producer, with interests across Europe, North Africa and North America.

The merged entity will now have particular expertise and an enhanced presence in the Baltic Basin, which is considered one of the most attractive new shale prospects in Europe.

The Matheson team advising Realm included partner Michael O’Connor and associate Peter McLay from the Projects, Energy and Construction groupCorporate and Commercial partners, George Brady and Fergus Bolster; and Tax partner Shane Hogan.



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